Even after the gift of shares worth 700 million US dollars, this Google billionaire remains one of the richest worldwide

Sergey Brin, co-founder of Google, gave Alphabet Inc. stocks worth $ 700 billion as a gift from his personal assets, which exceeds over $ 140 billion.

Even after this significant donation, Brin remains the tenth richest person in the world, with net assets, according to the Bloomberg Millionaires Index, estimates $ 143 billion.

Who is Sergey Brin?

Sergey Brin and Larry Page were in 1998 with the justified alphabet, the holding company, which belongs to Google. Google is considered the world's largest search engine operator. Brin and page from top management roles resigned in 2019. However, they continue to serve on the board and control the shareholders.

Sergey Brin's assets

The net assets of the alphabet co-founder mainly consists of a combination of class B shares and class C of the company. Since Google's first public offer in 2004, Brin has sold shares worth more than 11 billion US dollars, according to Bloomberg data.

Other contributions

The current contribution of 700 million US dollars is not the first time that Brin has unloaded alphabetics. In 2023, according to the debut of Google's AI search, around 600 million dollars donated stocks. In May and November last year, he announced additional gifts of shares worth over 100 million US dollars.

Brin has often contributed to researching Parkinson's disease and heads a non -profit organization that focuses on climate and health. He financed Start -ups that have tackled a number of initiatives from psychedelics to an ambitious project of 155 billion US dollars, which is to be constructed on the construction of “Energy Islands” in Copenhagen.

The current donation from Brin was announced on Wednesday in a regulatory submission without stating who had received almost 4.1 million shares. This amount, which is evenly divided into the newly converted class A and class C shares, could potentially be assigned to charity organizations or transferred to financial vehicles or trusts, as can be seen from a report by Bloomberg News.

Its current disclosure occurs when the Alphabet shares rose by 5.6% on Wednesday after product announcements, which indicates the adaptability of the company to the AI ​​age. On Tuesday, Google announced that all US users would introduce a new tab called “AI mode”.